Friday, February 21, 2014

NIGERIA: Fuel shortage will get worse – Marketers


The current scarcity of petrol at filling stations across the country will worsen in the coming weeks because the Petroleum Products Pricing Regulatory Agency has failed to release the import allocation to oil marketing and trading companies for the first quarter of this year.

Continue reading after the cut....

The PUNCH had on Wednesday reported long queues of desperate motorists looking for petrol in some parts of Lagos, Ogun, and Oyo states on Tuesday.
Queues were also noticed at some locations in Abuja on Tuesday and Wednesday.
It was learnt that some remote villages across the country were already enduring severe fuel shortage as marketers preferred sending the limited stock available to them to cities.
The Executive Secretary, Major Oil Marketers Association of Nigeria, Mr. Obafemi Olawore, told our correspondent in Abuja on Thursday that even if the PPPRA should release the import allocation now, it would take about four weeks for the marketers to bring the product into the country.

Culled - Punch

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